InfoAnda - Rosneft, Exxon ink Black Sea exploration deal

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Lebanese soldiers kill two anti-Assad activists | | 20 May 2012
Grenade attack wounds 8 in Indian Kashmir | 7 July 2009
500 Birds Confiscated In Southern California Cockfighting Raids | 22 May 2010

Taiwan sells T$30 bln T-bills at 0.593 pct yield | 3 August 2010

Forum Views () Forum Replies ()

Read more with google mobile : Rosneft, Exxon ink Black Sea exploration deal

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Rosneft, Exxon ink Black Sea exploration deal AFP - Friday, January 28 Send IM Story Print DAVOS, Switzerland (AFP) - – Russian energy giant Rosneft and US oil major Exxon Mobil struck a $1 billion deal Thursday to hunt for oil and gas under the Black Sea, and promised more joint ventures to come. Rosneft president Eduard Yurevitch Khudaynatov said he hopes to find a billion tonnes of oil and gas -- mainly oil -- in the 11,200-square-kilometre (4,320 square mile) Tuapse Trough, in waters off the Krasnodar region. Using the US giant's latest exploration technology, now shared with its Russian partner, the joint venture will survey the seabed this year and hopes the first offshore platform may be operational by the end of 2012, he said. "It is not just the Black Sea, we will go on together to work on other offshore projects in other areas," he told AFP after the signing ceremony, adding: "But we have a lot of work to do." Exxon Mobil Development Company president Neil Duffin signed the deal with Khudaynatov at the World Economic Forum in Davos in the presence of Russia's Deputy Prime Minister Igor Sechin and Exxon chief executive Rex Tillerson. Tillerson said ExxonMobil would invest a billion dollars (730 million euros) in the exploration stage of the venture, and that the companies would decide on future investments when the time came to begin production. Khudaynatov said Rosneft would take 66 percent of eventual production and Exxon Mobil 33 percent, and vowed that the firms would go on to develop more offshore projects together in other regions. Sechin played up the political element of the deal, which follows another Rosneft contract to jointly develop an Arctic field with Britain's BP, stressing that it shows that Russia is open to foreign investment in oil and gas. "I welcome here our American friends. Thank you and I wish you success," he declared, adding that around 20 percent of Russia's vast hydrocarbon sector was now in the hands of international investors. Some observers have expressed concern about the safety of oil investments in Russia after the state's dismantling of the Yukos energy giant and a legal spat between BP and shareholders in the Russian-British TNK-BP joint venture. Sechin dismissed such concerns, arguing that the latest deal showed that Russia was open for business and had "even managed to convince ExxonMobil. "Exxon Mobil technologies will effectively complement Rosneft's experience and resources. Development of this area will beome the springboard for full Black Sea basin development. "This challenge will require the coordinated efforts of many nations and companies in the region," he added. Tillerson confirmed the deal would see the US giant sharing technology with its Russian partner. The two firms work together in oil fields off Sakhalin in Russia's Pacific Far East but this is their first deal in the Black Sea. "Exxon Mobil will bring its technology, project evaluation capabilities and innovation to complement Rosneft's strengths and experience in the region," the American executive said as the deal was announced. The Exxon Mobil contract was the second major victory for Russian oil at this year's Davos conference, after Rosneft marked the first day of the meeting by expanding its Arctic deal with BP. BP struck a deal with Rosneft in mid-January to explore and develop the latter's three licensed blocks on the Russian Arctic continental shelf, said to contain five billion tonnes of oil and 3,000 billion cubic metres of gas. They will also set up an Arctic technology centre to focus on safety, the environment and emergency procedures. In Davos, both parties inked a further deal to increase cooperation, including plans for joint projects in third-party markets. Recommend Send IM Story Print News Search Top Stories Egypt activists keep up the heat, boosted by ElBaradei 'Thunder-snow' storm buries US north-east Sarkozy: 'Merkel and I will never let the euro fail' Rosneft, Exxon ink Black Sea exploration deal Baghdad car bomb kills 37 mourners More Top Stories » ADVERTISEMENT Most Popular Most Viewed Bad eating can give you depression: study Cruz, Bardem baby boy 'doing great': spokeswoman Marooned Miami bay piano strikes odd note T. rex still king, says dino study Rare Sumatran tiger gives birth to three cubs More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 28 January 2011
Egypt activists keep up the heat, boosted by ElBaradei
Top NATO officer sees echoes of WWII in Afghanistan
Ukraine opens new criminal probe against Tymoshenko
Facebook denies to launch branded phones with HTC
ElBaradei returns to Egypt on third day of clashes
Russia 'seeks Slavic Islamist' for Moscow bombing
'Thunder-snow' storm buries US north-east
Second under age girl at Berlusconi parties: report
Sarkozy: 'Merkel and I will never let the euro fail'
Hariri seeks guarantees as Lebanon PM forms govt
Colombia wants mine safety review after blast |
Rosneft, Exxon ink Black Sea exploration deal
Leaders urge vigilance on Holocaust memorial day
Hariri bloc will not join new Lebanon government
Baghdad car bomb kills 37 mourners
Roma survivor cites forgotten Holocaust |
Russia says awaiting Iranian response on fuel swap
Nokia sees weak Q1, flags strategy change
Baghdad car bomb hits mourners, 53 dead in attacks
Homophobia unlikely in gay activist murder: police |
Motorola Mobility shares slide on gloomy outlook
Car bomb at Iraq funeral wake kills at least 35
ElBaradei says time for Egypt leader Mubarak to go
US-TECH Summary
Israeli settlers kill Palestinian in West Bank
Sony takes on DS and smartphones with new handheld
In U.S. courts, Facebook posts become less private |
News Corp to launch iPad newspaper on February 2 |
US-ENTERTAINMENT Summary
"Black Swan" jewelry box among SAG auction items
"American Idol" dominates ratings in second week
Buzzdeck could tell if you're gonna be a rock star |
Motown Marvelette lead singer Horton dies at 66
A Minute With: director Miguel Arteta at Sundance
Egypt's online movement takes to the streets |
Amazon stock up before results but margins are concern |
Alzheimer's examined in Chile Sundance film
Millennium author feud hots up with partner's memoir
NY pol wants cell phone ban for pedestrians
Carrefour, Wal-Mart 'sorry' for China pricing
Auschwitz launches Facebook donation drive
China to launch property tax on trial basis
Muslim population growth outpaces non-Muslims: study
Europe wrong-footed on China rare earths response
GM sees car sales growth slowing in China and India
Prada announces IPO on Hong Kong bourse
China's Lenovo, NEC form PC joint venture in Japan
Taiwan IT giant Foxconn beaten in solar cell deal
Charlie Sheen hospitalized in LA |
British arrests over cyber group 'Anonymous'
Chinese tycoon hands out cash in Taiwan
Black Swan jewelry box among SAG auction items |
Nintendo nine-month net profit plunges 74.3%
Bieber, Ozzy Osbourne team up for Super Bowl ad |
US-TECH Summary
Aerosmith shoots down false rumors |
American Idol dominates ratings in second week |
Q+A-Pakistan's double-digit inflation and policy responses
'Anonymous' hackers threaten Egyptian government
Nokia sees weak Q1, flags strategy change
Motown Marvelette lead singer Horton dies at 66 |
Chinese satirical cartoon blocked by government
A Minute With: director Miguel Arteta at Sundance |
Motorola Mobility shares slide on gloomy outlook
Kindle Singles debuts pithy digital works
RIM tells India no access for BlackBerry emails
Buzzdeck could tell if you're gonna be a rock star
When will your tax refund arrive? There's an app for that
Dutch MPs back Afghan police training mission
Egypt unrest rages; web shut ahead of big protest |
Obama ratchets up pressure on Egypt's Mubarak
Mandela 'very sick' but life not in danger
LinkedIn's IPO to test appetite for Facebook
Tunisia purges government, wins union endorsement |
Egypt arrests Muslim Brotherhood leaders
Charlie Sheen rushed to hospital after 'wild' party
South Korea relaxes apology demand for nuclear talks |
US financial crisis 'avoidable' says probe
Amazon.com stock drops on earnings miss
UK police arrest WikiLeaks backers for Web attacks |
Egypt activists keep up the heat, boosted by ElBaradei
No need to panic over Mandela, says government |
Egypt internet disrupted, SMS down
White House eyes spectrum for public safety
Myanmar court upholds dissolution of Suu Kyi party |
FBI conducts searches tied to WikiLeaks cyber attacks
N. Korea makes fresh call for talks with S. Korea
Australia's floods bill climbs and takes toll on PM |
LinkedIn announces IPO
Djokovic beats Federer for Aus Open tennis final
Thousands march in Yemen to demand change of government |
Microsoft net profit slips despite record 2Q revenue
Colombia wants mine safety review after blast |
Myanmar faces flak over rights record
Lunar New Year highlights China labor issues |
SanDisk margins disappoint, shares fall
Asian Cup raises $333,000 for flood victims
Global minimum and maximum temperatures
Microsoft net profit slips despite record 2Q revenue
Tiananmen duo denounce exclusion from Hong Kong
Harry Reid unbowed in taking on GOP, Obama
Thai government, army deny coup claims
HI bill would give anyone Obama birth info for fee
Head-on train crash in Indonesia kills at least 3
Filibuster lives: Senate rejects changes in rules
Wilco stars own record label
Titian painting auctions for record $16.8 mln
Microsoft's Windows disappoints on lukewarm PC sales |
US students stressed out: study
Apple, RIM, ZTE won in booming cellphone market |
Charlie Sheen hospitalized in LA
LinkedIn's IPO to test appetite for Facebook |
Samsung profit to recover after quarterly drop |
Hot "Brink" and "Rage" videogames set for release
UK police arrest WikiLeaks backers for Web attacks |
Aerosmith shoots down false rumors
Egypt's online movement takes to the streets |
Bieber, Ozzy Osbourne team up for Super Bowl ad
In U.S. courts, Facebook posts become less private |
Indonesian ferry fire kills 11
Carrie Fisher is fat but "not like Jabba the Hutt"
White House eyes spectrum for public safety |
News Corp to launch iPad newspaper on February 2 |
Seoul shares dip on autos, Samsung Elec at record high
Amazon margins squeezed by costs, shares plunge |
Japan's Nissan, Mazda expand supply pact
Taiwan stocks close higher before long holidays
Japan consumer prices slide, unemployment eases
Samsung Electronics posts 13% jump in net profit
Pakistan
Japan fiscal discipline key to gain confidence: PM
UPDTE 1-S.Korea says inflation situation getting worse
Credit downgrade 'a wake-up call for Japan'
Charlie Sheen hospitalized after wild party |
UK police arrest WikiLeaks backers for Web attacks
Bruno Mars bounces Britney from No. 1 singles slot |
Apple, RIM, ZTE won in booming cellphone market
Black Swan jewelry box among SAG auction items |
Bieber, Ozzy Osbourne team up for Super Bowl ad |
Carrie Fisher is fat but not like Jabba the Hutt |
Wilco stars own record label |
Aerosmith shoots down false rumors |
American Idol dominates ratings in second week |
Director Jackson's surgery to delay Hobbit filming |
Motown Marvelette lead singer Horton dies at 66 |
French court upholds gay marriage ban
Kabul supermarket suicide attack kills 8: police
Irish PM to dissolve parliament on Tuesday: report |
Sony unveils new 'NGP' portable game console
German MPs extend unpopular Afghan mission
US, Britain split on cuts in Davos
Kabul supermarket bomb kills 9, foreigners target |
Microsoft net profit slips despite record revenue
Corrected
Palestinian protests show splits over leaked papers |
Many hurt as anti-Mubarak protests in Egypt grow
Tablets won't steamroll Microsoft, top exec says
Egypt police clash with protestors in Alexandria
Samsung profit to recover after quarterly drop
Egypt's online movement takes to the streets
Afghan police: 8 die in Kabul supermarket blast
White House eyes spectrum for public safety
Afghan police: 6 die in Kabul supermarket blast
Japan fiscal discipline key to gaining confidence: PM
American held in Pakistan over double killing
Sony unveils new 'NGP' portable game console
Microsoft net profit slips despite record revenue
Blue Samurai downplay Kagawa absence
Samsung profit to recover after quarterly drop
Young, web savvy fight for Egypt against Mubarak |
COMMENTARY: Lang Lang's controversial choice of music for US state dinner
Tablets won't steamroll Microsoft, top executive says |
Low-key end to Federer's reign
Philippine university celebrates 400th anniversary
Corrected: In U.S. courts, Facebook posts become less private |
Death toll in Indonesian ferry fire soars to 11
Bruno Mars bounces Britney from No. 1 singles slot
Berlin shows off real-life 'Indiana Jones' treasures
Son says N. Korean leader didn't want power succession
'Punk' art rocks Rome in new exhibition
Chinese officials plugged into latest online slang
Ancient Andean deity brings 'wealth' to believers
Li shrugs off Chinese Grand Slam frenzy
Japanese maestro Ozawa cancels dates after surgery
Choo's the shoe of choice
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01